Attached files
| file | filename |
|---|---|
| 8-K - TXCO Resources Inc | v170875_8k.htm |
|
Exhibit 99.1
|
|||||
| UNITED STATES BANKRUPTCY COURT | |||||
|
CASE
NAME:
|
TXCO
Resources Inc.
|
PETITION
DATE:
|
05/17/09
|
||
|
CASE
NUMBER:
|
09-51807-RBK
|
DISTRICT
OF TEXAS:
|
Western
|
||
|
PROPOSED
PLAN DATE:
|
To
Be Determined
|
DIVISION:
|
San
Antonio
|
||
|
MONTHLY
OPERATING REPORT SUMMARY FOR MONTH
|
November
|
YEAR
|
2009
|
|||||||||||||||||||||||||||||
|
MONTH
|
5/18/09
- 5/31/09
|
Jun-09
|
Jul-09
|
Aug-09
|
Sep-09
|
Oct-09
|
Nov-09
|
Dec-09
|
||||||||||||||||||||||||
|
REVENUES
(MOR-6)
|
2,034,216 | 4,318,042 | 4,121,724 | 4,442,504 | 4,009,460 | 4,407,598 | 4,729,384 | - | ||||||||||||||||||||||||
|
INCOME
BEFORE INT; DEPREC./TAX (MOR-6)
|
491,919 | 2,328,415 | 906,338 | 2,273,926 | 1,798,807 | 2,109,235 | 2,664,196 | - | ||||||||||||||||||||||||
|
NET
INCOME (LOSS) (MOR-6)
|
(2,673,142 | ) | (42,394,974 | ) | (5,275,433 | ) | (4,582,222 | ) | (36,395,502 | ) | (4,304,310 | ) | (4,320,890 | ) | - | |||||||||||||||||
|
PAYMENTS
TO INSIDERS (MOR-9)
|
30,068 | 170,286 | 208,040 | 128,928 | 182,247 | 184,475 | 135,698 | - | ||||||||||||||||||||||||
|
PAYMENTS
TO PROFESSIONALS (MOR-9)
|
- | 200,000 | 208,734 | 661,424 | 200,000 | 709,266 | 492,970 | - | ||||||||||||||||||||||||
|
TOTAL
DISBURSEMENTS, net of intercompany (MOR-7)
|
2,969,736 | 6,004,009 | 9,507,809 | 5,574,087 | 7,126,160 | 7,747,403 | 5,129,085 | |||||||||||||||||||||||||
***The
original of this document must be filed with the United States Bankruptcy Court
and a copy must be sent to the United States Trustee***
|
CIRCLE
ONE
|
||||||||||
|
REQUIRED
INSURANCE MAINTAINED
|
Are
all accounts receivable being collected within terms?
|
Yes
|
No
|
|||||||
|
AS
OF SIGNATURE DATE
|
EXP.
|
Are
all post-petition liabilities, including taxes, being paid within
terms?
|
Yes
|
No
|
||||||
|
DATE
|
Have
all tax returns and other required government filings been timely
paid?
|
Yes
|
No
|
|||||||
|
CASUALTY
|
YES
|
x |
NO
|
¨
|
11/01/10
|
Have
any pre-petition liabilities been paid?
|
Yes
|
No
|
||
|
LIABILITY
|
YES
|
x
|
NO
|
¨
|
11/01/10
|
If
so, describe Various
pre-petition accounts pursuant to orders approved by the
court
|
||||
|
VEHICLE
|
YES
|
x
|
NO
|
¨
|
11/01/10
|
Are
all funds received being deposited into Debtor in Possession bank
accounts?
|
Yes
|
No
|
||
|
WORKER'S
|
YES
|
x
|
NO
|
¨
|
11/01/10
|
Were
any assets disposed of outside the normal course of
business?
|
Yes
|
No
|
||
|
OTHER
D&O
|
YES
|
x
|
NO
|
¨
|
06/15/10
|
If
so,
describe ___________________________________
|
||||
|
Are
all U.S. Trustee Quarterly Fee Payments current?
|
Yes
|
No
|
||||||||
|
What
is the status of your Plan of Reorganization? Plan
was filed 11/12/09
|
||||||||||
|
ATTORNEY
NAME:
|
Deborah
D. Williamson
|
I
certify under penalty of perjury that the following
complete
|
||||
|
FIRM
NAME:
|
Cox
Smith Matthews Inc.
|
INITIALS _______
|
Monthly
Operating Report (MOR), consisting of MOR-1 through
|
|||
|
ADDRESS:
|
112
East Pecan Street
|
MOR-9
plus attachments, is true and correct.
|
||||
|
Suite
1800
|
DATE _______
|
|||||
|
CITY,
STATE, ZIP:
|
San
Antonio, TX 78205
|
SIGNED
X /s/Richard
A. Sartor TITLE: Controller
|
||||
|
TELEPHONE/FAX:
|
(210)
554-5500/(210) 226-8395
|
UST
USE ONLY
|
(ORIGINAL
SIGNATURE)
|
|||
|
Richard
A. Sartor
|
DATE Revised:
|
|||||
|
MOR-1
|
(PRINT
NAME OF SIGNATORY)
|
1/7/2010
|
||||
|
CASE
NAME:
|
TXCO
Resources Inc.
|
|
CASE
NUMBER:
|
09-51807-RBK
|
COMPARATIVE
BALANCE SHEETS
|
ASSETS
|
FILING
DATE*
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
|||||||||||||||||||||||||
|
05/17/09
|
05/31/09
|
06/30/09
|
07/31/09
|
08/31/09
|
09/30/09
|
10/31/09
|
11/30/09
|
12/31/09
|
||||||||||||||||||||||||||
|
CURRENT
ASSETS
|
||||||||||||||||||||||||||||||||||
|
Cash
|
1,040,168 | 3,533,033 | 6,566,244 | 7,314,563 | 6,365,796 | 7,714,567 | 8,712,911 | 11,463,128 | ||||||||||||||||||||||||||
|
Accounts
Receivable, Net
|
19,637,217 | 19,110,572 | 18,362,178 | 16,407,102 | 17,060,636 | 17,370,309 | 17,698,592 | 16,015,101 | ||||||||||||||||||||||||||
|
Accounts
Receivable, Intercompany
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
|
Inventory: Lower
of Cost or Market
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
|
Prepaid
Expenses
|
2,994,921 | 3,924,951 | 7,967,127 | 9,086,819 | 8,633,516 | 8,160,787 | 7,748,873 | 5,630,739 | ||||||||||||||||||||||||||
|
Other
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
|
TOTAL
CURRENT ASSETS
|
23,672,306 | 26,568,556 | 32,895,549 | 32,808,483 | 32,059,948 | 33,245,663 | 34,160,375 | 33,108,968 | ||||||||||||||||||||||||||
|
Investments
in Subsidiaries
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
|
NET
BOOK VALUE OF PP & E
|
406,246,694 | 401,334,473 | 361,391,937 | 360,896,959 | 358,382,538 | 329,555,907 | 327,701,238 | 328,630,735 | ||||||||||||||||||||||||||
|
OTHER
ASSETS
|
||||||||||||||||||||||||||||||||||
|
1.
Deferred tax asset
|
107,362 | 214,725 | 0 | 107,363 | 0 | 0 | (1 | ) | - | |||||||||||||||||||||||||
|
2.
Accrued derivative assets-long term
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
|
3.
Deferred Financing Fees & Other assets
|
3,769,818 | 3,745,802 | 3,645,205 | 3,546,893 | 3,442,984 | 3,336,890 | 3,230,583 | 3,132,937 | ||||||||||||||||||||||||||
|
TOTAL
ASSETS
|
433,796,179 | 431,863,556 | 397,932,690 | 397,359,698 | 393,885,471 | 366,138,460 | 365,092,196 | 364,872,640 |
-
|
|||||||||||||||||||||||||
|
Note:
See attached Exhibit 2H for additional information
|
|||
|
MOR-2
|
* Per SOFA and Schedules, assets
reported on Filing Date stated as of 4/30/09.
|
Revised:
|
1/7/2010
|
|
TXCO
Resources Inc.
|
|
|
CASE
NUMBER:
|
09-51807-RBK
|
COMPARATIVE
BALANCE SHEETS
|
ASSETS
|
TXCO Resources
Inc.
|
TXCO Energy
Corp.
|
PPL Operating
Inc.
|
Maverick Dimmitt
Pipeline
|
Maverick Gas
Marketing
|
Eagle Pass Well
Service Inc.
|
TXCO Drilling
Inc.
|
Charro Energy
|
Texas Tar Sands
|
Output
Acquisition Corp.
|
OPEX Energy
LLC
|
Eliminations &
Reclass**
|
Per Financials
|
|||||||||||||||||||||||||||||||||||||||
|
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
11/30/2009
|
|||||||||||||||||||||||||||||||||||||||
|
CURRENT
ASSETS
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cash
|
8,881,204 | - | 175 | 0 | (1 | ) | 2,123 | 281 | 224 | - | 1,193,643 | 1,385,479 | - | 11,463,128 | ||||||||||||||||||||||||||||||||||||||
|
Accounts
Receivable, Net
|
9,749,245 | 3,784,809 | 2,830 | - | - | 364,525 | 4,709,128 | 89,829 | - | 651,750 | 1,371,111 | (4,708,125 | ) | 16,015,101 | ||||||||||||||||||||||||||||||||||||||
|
Accounts
Receivable, Intercompany
|
160,672,343 | (127,499,396 | ) | 2,743,113 | 6,018,898 | (2,841,677 | ) | (325,821 | ) | 76,987 | (17,476,913 | ) | - | 1,710,146 | (21,663,461 | ) | (1,414,218 | ) | - | |||||||||||||||||||||||||||||||||
|
Inventory: Lower
of Cost or Market
|
- | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
|
Prepaid
Expenses
|
4,403,907 | 852,370 | - | - | - | 7,960 | 2,220 | - | - | 31,176 | 152,853 | 180,254 | 5,630,739 | |||||||||||||||||||||||||||||||||||||||
|
Other
|
- | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
|
TOTAL
CURRENT ASSETS
|
183,706,699 | (122,862,216 | ) | 2,746,118 | 6,018,898 | (2,841,678 | ) | 48,786 | 4,788,615 | (17,386,860 | ) | - | 3,586,715 | (18,754,019 | ) | (5,942,090 | ) | 33,108,968 | ||||||||||||||||||||||||||||||||||
|
Investments
in Subsidiaries
|
108,794,491 | - | 61,593 | - | - | - | - | - | - | 78,815,188 | - | (187,671,272 | ) | - | ||||||||||||||||||||||||||||||||||||||
|
NET
BOOK VALUE OF PP & E
|
70,478,745 | 138,830,983 | - | - | - | 71,361 | 7,343,428 | 1,923,816 | - | 12,651,745 | 101,486,787 | (4,156,131 | ) | 328,630,735 | ||||||||||||||||||||||||||||||||||||||
|
OTHER
ASSETS
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1.
Deferred tax asset
|
6,642,216 | - | - | - | - | - | - | - | - | - | - | (6,642,216 | ) | - | ||||||||||||||||||||||||||||||||||||||
|
2.
Accrued derivative assets-long term
|
- | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
|
3. Deferred
Financing Fees & Other assets
|
3,120,954 | - | - | - | - | - | - | 881 | - | 2,325 | 8,777 | - | 3,132,937 | |||||||||||||||||||||||||||||||||||||||
|
TOTAL
ASSETS
|
372,743,104 | 15,968,767 | 2,807,711 | 6,018,898 | (2,841,678 | ) | 120,147 | 12,132,043 | (15,462,162 | ) | - | 95,055,974 | 82,741,545 | (204,411,708 | ) | 364,872,640 | ||||||||||||||||||||||||||||||||||||
|
MOR-2H
|
**A.
Elimination Entries - Through the consolidation process, related party or
intercompany transactions are eliminated or offset to allow for the
combination (consolidation) of a group of related
entities.
|
Revised:
|
1/7/2010
|
|
|
**B.
Reclass Entries - Allows for the repositioning of specific transactions
within the financial statement. Because of the events of
default, the preferred stock, usually an Equity item is required to be
presented
as Debt in the Liabilities section of the balance
sheet.
|
|
TXCO
Resources Inc.
|
|
|
CASE
NUMBER:
|
09-51807-RBK
|
COMPARATIVE
BALANCE SHEETS
|
LIABILITIES
& OWNER'S
|
FILING
DATE*
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
AS
OF
|
|||||||||||||||||||||||||||
|
EQUITY
|
05/17/09
|
05/31/09
|
06/30/09
|
07/31/09
|
08/31/09
|
09/30/09
|
10/31/09
|
11/30/09
|
12/31/09
|
|||||||||||||||||||||||||||
|
LIABILITIES
|
||||||||||||||||||||||||||||||||||||
|
POST-PETITION
LIABILITIES(MOR-4)
|
- | 5,769,855 | 14,195,942 | 19,867,171 | 20,750,226 | 27,456,910 | 30,714,393 | 33,953,971 | ||||||||||||||||||||||||||||
|
PRE-PETITION
LIABILITIES
|
||||||||||||||||||||||||||||||||||||
|
Secured
Debt
|
165,649,793 | 150,414,315 | 150,414,315 | 150,414,315 | 150,414,315 | 150,414,315 | 150,414,315 | 150,414,315 | ||||||||||||||||||||||||||||
|
Priority
Debt - Ad Valorem Taxes
|
744,937 | 744,937 | 744,937 | 744,937 | 744,937 | 744,937 | 744,937 | 744,937 | ||||||||||||||||||||||||||||
|
UNSECURED
DEBT
|
||||||||||||||||||||||||||||||||||||
|
Trade
Payables
|
63,511,268 | 63,924,744 | 65,367,664 | 64,835,126 | 66,330,669 | 65,315,043 | 65,162,859 | 65,774,088 | ||||||||||||||||||||||||||||
|
Redeemable
preferred stock
|
94,486,129 | 94,487,908 | 94,487,908 | 94,487,908 | 94,487,908 | 94,487,908 | 94,487,908 | 94,487,908 | ||||||||||||||||||||||||||||
|
Accrued
Preferred Stock Interest Payable
|
- | 4,126,057 | 3,627,407 | 3,627,407 | 3,627,407 | 3,627,407 | 3,627,407 | 3,627,407 | ||||||||||||||||||||||||||||
|
Other
Payables & Accrued Liabilities
|
- | 5,488,875 | 2,766,462 | 2,790,804 | 1,628,125 | 2,886,450 | 2,665,412 | 3,024,015 | ||||||||||||||||||||||||||||
|
Undistributed
revenue
|
- | 555,147 | 1,188,489 | 10 | - | - | - | 0 | ||||||||||||||||||||||||||||
|
Installment
Obligations
|
- | 191,586 | 143,690 | 95,793 | 47,897 | - | 433,517 | 385,348 | ||||||||||||||||||||||||||||
|
Asset
retirement obligation
|
- | 9,889,399 | 11,180,699 | 12,016,699 | 12,016,699 | 13,823,890 | 13,823,890 | 13,823,890 | ||||||||||||||||||||||||||||
|
Other
Non-GAAP Claims (Litigation)
|
6,070,723 | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
TOTAL
PRE-PETITION LIABILITIES
|
330,462,851 | 329,822,969 | 329,921,571 | 329,012,999 | 329,297,956 | 331,299,949 | 331,360,245 | 332,281,908 | ||||||||||||||||||||||||||||
|
TOTAL
LIABILITIES
|
330,462,851 | 335,592,824 | 344,117,513 | 348,880,170 | 350,048,183 | 358,756,859 | 362,074,638 | 366,235,879 | ||||||||||||||||||||||||||||
|
OWNER'S
EQUITY (DEFICIT)
|
||||||||||||||||||||||||||||||||||||
|
COMMON
STOCK
|
388,852 | 387,757 | 387,757 | 387,757 | 387,752 | 387,747 | 387,747 | 387,740 | ||||||||||||||||||||||||||||
|
ADDITIONAL
PAID-IN CAPITAL
|
150,796,131 | 150,490,554 | 150,638,383 | 150,786,576 | 150,934,972 | 151,083,202 | 151,231,879 | 151,380,389 | ||||||||||||||||||||||||||||
|
RETAINED
EARNINGS: Filing Date
|
(50,424,832 | ) | (50,424,832 | ) | (50,424,832 | ) | (50,424,832 | ) | (50,424,832 | ) | (50,424,832 | ) | (50,424,832 | ) | (50,424,832 | ) | ||||||||||||||||||||
|
RETAINED
EARNINGS: Post Filing Date
|
- | (6,535,817 | ) | (48,930,791 | ) | (54,206,224 | ) | (58,788,446 | ) | (95,183,949 | ) | (99,488,259 | ) | (103,809,149 | ) | |||||||||||||||||||||
|
LESS
CHANGE IN FV OF DERIVATIVES
|
3,663,730 | 3,455,320 | 3,246,911 | 3,038,501 | 2,830,092 | 2,621,682 | 2,413,273 | 2,204,863 | ||||||||||||||||||||||||||||
|
LESS
TREASURY STOCK, AT COST
|
(1,090,552 | ) | (1,102,249 | ) | (1,102,249 | ) | (1,102,249 | ) | (1,102,249 | ) | (1,102,249 | ) | (1,102,249 | ) | (1,102,249 | ) | ||||||||||||||||||||
|
TOTAL
OWNER'S EQUITY (NET WORTH)
|
103,333,328 | 96,270,732 | 53,815,178 | 48,479,529 | 43,837,288 | 7,381,601 | 3,017,558 | (1,363,238 | ) | |||||||||||||||||||||||||||
|
TOTAL
LIABILITIES & OWNERS EQUITY
|
433,796,179 | 431,863,556 | 397,932,690 | 397,359,698 | 393,885,471 | 366,138,460 | 365,092,196 | 364,872,640 | ||||||||||||||||||||||||||||
|
Note:
See attached Exhibit 3H for additional information.
|
|||
|
MOR-3
|
*
Per SOFA and Schedules, Liabilities stated as of Filing Date. Pre-Petition
liabilities include non-GAAP items such as contingent, unliquidated &
disputed claims.
Retained
Earnings includes Non-GAAP adjustment to balance.
|
Revised:
|
1/7/2010
|
|
CASE
NAME:
|
TXCO
Resources Inc.
|
|
CASE
NUMBER:
|
09-51807-RBK
|
COMPARATIVE
BALANCE SHEETS
|
LIABILITIES & OWNER'S
|
TXCO Resources
Inc.
|
TXCO Energy
Corp.
|
PPL Operating
Inc.
|
Maverick Dimmitt
Pipeline
|
Maverick Gas
Marketing
|
Eagle Pass Well
Service Inc.
|
TXCO Drilling Inc.
|
Charro Energy
|
Texas Tar Sands
|
Output
Acquisition Corp.
|
OPEX Energy
LLC
|
Eliminations &
Reclass**
|
Per Financials
|
|||||||||||||||||||||||||||||||||||||||
|
EQUITY
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
|||||||||||||||||||||||||||||||||||||||
|
LIABILITIES
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
POST-PETITION
LIABILITIES(MOR-4)
|
28,160,610 | 40,806 | - | - | - | 399 | 5,221 | 5,235 | 93,869 | (695,809 | ) | 6,343,640 | 33,953,971 | |||||||||||||||||||||||||||||||||||||||
|
PRE-PETITION
LIABILITIES
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Secured
Debt
|
150,000,000 | - | - | - | - | - | 414,315 | - | - | - | - | - | 150,414,315 | |||||||||||||||||||||||||||||||||||||||
|
Priority
Debt - Ad Valorem Taxes
|
455,992 | - | - | - | - | 661 | - | 610 | - | 1,692 | 285,982 | - | 744,937 | |||||||||||||||||||||||||||||||||||||||
|
UNSECURED
DEBT
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Trade
Payables
|
62,170,310 | - | 63,414 | 196,838 | 853,662 | 227,450 | 421,755 | 7,013,694 | - | 615,709 | 1,519,546 | (7,308,290 | ) | 65,774,088 | ||||||||||||||||||||||||||||||||||||||
|
Redeemable
preferred stock
|
27,579,577 | - | - | - | - | - | - | - | - | - | - | 66,908,331 | 94,487,908 | |||||||||||||||||||||||||||||||||||||||
|
Accrued
Preferred Stock Interest Payable
|
9,922,867 | - | - | - | - | - | - | - | - | - | - | (6,295,460 | ) | 3,627,407 | ||||||||||||||||||||||||||||||||||||||
|
Other
Payables & Accrued Liabilities
|
5,118,896 | 6,200,877 | - | - | - | (1,557 | ) | 57 | 8,636 | - | 147,440 | 313,751 | (8,764,086 | ) | 3,024,015 | |||||||||||||||||||||||||||||||||||||
|
Undistributed
revenue
|
(965,829 | ) | - | - | - | - | - | - | - | - | 225,997 | 739,832 | - | 0 | ||||||||||||||||||||||||||||||||||||||
|
Installment
Obligations
|
385,348 | - | - | - | - | - | - | - | - | - | - | - | 385,348 | |||||||||||||||||||||||||||||||||||||||
|
Deferred
Income Taxes
|
- | - | - | - | - | - | - | - | - | - | 6,642,216 | (6,642,216 | ) | - | ||||||||||||||||||||||||||||||||||||||
|
Asset
retirement obligation
|
11,129,238 | - | - | - | - | - | - | - | - | 680,732 | 2,013,920 | - | 13,823,890 | |||||||||||||||||||||||||||||||||||||||
|
Other
Non-GAAP Claims (Litigation)
|
- | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
|
TOTAL
PRE-PETITION LIABILITIES
|
265,796,399 | 6,200,877 | 63,414 | 196,838 | 853,662 | 226,554 | 836,128 | 7,022,941 | - | 1,671,570 | 11,515,247 | 37,898,278 | 332,281,908 | |||||||||||||||||||||||||||||||||||||||
|
TOTAL
LIABILITIES
|
293,957,009 | 6,241,683 | 63,414 | 196,838 | 853,662 | 226,953 | 841,349 | 7,028,175 | - | 1,765,439 | 10,819,437 | 44,241,918 | 366,235,879 | |||||||||||||||||||||||||||||||||||||||
|
OWNER'S
EQUITY (DEFICIT)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
COMMON
STOCK
|
387,740 | - |
100
|
- | - | 1,000 | - | - | - | - | - | (1,100 | ) | 387,740 | ||||||||||||||||||||||||||||||||||||||
|
ADDITIONAL
PAID-IN CAPITAL
|
210,174,962 | - | 2,774,087 | 6,648,810 | (2,713,489 | ) | 386,337 | 7,285,951 | - | - | 102,587,045 | 78,815,177 | (254,578,492 | ) | 151,380,389 | |||||||||||||||||||||||||||||||||||||
|
RETAINED
EARNINGS: Filing Date
|
(181,454,042 | ) | (76,121,725 | ) | (100,358 | ) | 5,809,560 | (251,816 | ) | (181,676 | ) | 4,630,930 | (22,002,246 | ) | - | (157,797,552 | ) | (126,231,591 | ) | 503,275,686 | (50,424,832 | ) | ||||||||||||||||||||||||||||||
|
RETAINED
EARNINGS: Post Filing Date
|
48,574,821 | 85,848,808 | 70,468 | (6,636,310 | ) | (730,035 | ) | (312,467 | ) | (626,187 | ) | (488,091 | ) | - | 148,501,042 | 119,338,521 | (497,349,720 | ) | (103,809,149 | ) | ||||||||||||||||||||||||||||||||
|
LESS
CHANGE IN FV OF DERIVATIVES
|
2,204,863 | - | - | - | - | - | - | - | - | - | - | - | 2,204,863 | |||||||||||||||||||||||||||||||||||||||
|
LESS
TREASURY STOCK, AT COST
|
(1,102,249 | ) | - | - | - | - | - | - | - | - | - | - | - | (1,102,249 | ) | |||||||||||||||||||||||||||||||||||||
|
TOTAL
OWNER'S EQUITY (NET WORTH)
|
78,786,095 | 9,727,083 | 2,744,297 | 5,822,059 | (3,695,340 | ) | (106,806 | ) | 11,290,694 | (22,490,338 | ) | - | 93,290,534 | 71,922,107 | (248,653,626 | ) | (1,363,238 | ) | ||||||||||||||||||||||||||||||||||
|
TOTAL
LIABILITIES & OWNERS EQUITY
|
372,743,104 | 15,968,767 | 2,807,711 | 6,018,898 | (2,841,678 | ) | 120,147 | 12,132,043 | (15,462,162 | ) | - | 95,055,974 | 82,741,545 | (204,411,708 | ) | 364,872,640 | ||||||||||||||||||||||||||||||||||||
|
MOR-3H
|
**A.
|
Elimination
Entries - Through the consolidation process, related party or intercompany
transactions are eliminated or offset to allow for the combination
(consolidation) of a group of related entities.
|
Revised:
|
1/7/2010
|
|
|
**B.
|
Reclass
Entries - Allows for the repositioning of specific transactions within the
financial statement. Because of the events of default, the
preferred stock, usually an Equity item is required to be presented
as Debt in the Liabilities section of the balance
sheet.
|
|
|
CASE
NAME:
|
TXCO
Resources Inc.
|
|
|
CASE
NUMBER:
|
09-51807-RBK
|
SCHEDULE
OF POST-PETITION LIABILITIES
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
||||||||||||||||||||||||||||
|
05/17/09
|
05/31/09
|
06/30/09
|
07/31/09
|
08/31/09
|
09/30/09
|
10/31/09
|
11/30/09
|
12/31/09
|
||||||||||||||||||||||||||||
|
TRADE
ACCOUNTS PAYABLE
|
- | 1,510,254 | 4,811,147 | 3,503,397 | 3,667,247 | 6,648,172 | 4,719,686 | 6,175,541 | ||||||||||||||||||||||||||||
|
TAX
PAYABLE
|
||||||||||||||||||||||||||||||||||||
|
Payroll
taxes payable
|
- | - | 7,370 | 11,720 | 11,803 | 12,253 | 3,358 | 4,187 | ||||||||||||||||||||||||||||
|
Accrued
income taxes payable
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
Ad
Valorem Taxes
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
Other
taxes payable
|
- | 8,642 | 57,759 | 13,012 | 30,950 | 562 | 30,812 | 80,402 | ||||||||||||||||||||||||||||
|
TOTAL
TAXES PAYABLE
|
- | 8,642 | 65,129 | 24,733 | 42,753 | 12,815 | 34,170 | 84,589 | ||||||||||||||||||||||||||||
|
SECURED
DEBT POST-PETITION
|
- | 2,000,000 | 7,300,000 | 13,100,000 | 13,800,000 | 17,900,000 | 22,800,000 | 24,400,000 | ||||||||||||||||||||||||||||
|
ACCRUED
INTEREST PAYABLE
|
- | 391,298 | 670,346 | 340,078 | 375,447 | 389,492 | 453,908 | 1,703 | ||||||||||||||||||||||||||||
|
ACCRUED
PROFESSIONAL FEES*
|
||||||||||||||||||||||||||||||||||||
|
1.
COURT APPROVED PROFESSIONALS
|
- | - | 395,243 | 533,038 | 636,901 | 297,358 | 685,657 | 1,065,741 | ||||||||||||||||||||||||||||
|
2.
DUE COURSE PROFESSIONALS
|
- | - | 556 | 5,921 | 12,413 | 27,774 | 27,774 | 51,678 | ||||||||||||||||||||||||||||
|
OTHER ACCRUED
LIABILITIES
|
||||||||||||||||||||||||||||||||||||
|
1.
UNDISTRIBUTED REVENUE
|
- | 1,859,662 | 953,521 | 2,360,004 | 2,215,464 | 2,181,298 | 1,993,197 | 2,174,720 | ||||||||||||||||||||||||||||
|
2.
ASSET RETIREMENT OBLIGATION
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
3.
INSTALLMENT OBLIGATIONS
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
TOTAL
POST-PETITION LIABILITIES (MOR-3)
|
- | 5,769,855 | 14,195,942 | 19,867,171 | 20,750,226 | 27,456,910 | 30,714,393 | 33,953,971 | ||||||||||||||||||||||||||||
|
Note: See
Exhibit 4H for additional information.
|
|||
|
MOR-4
|
*Payment
requires Court Approval
|
Revised:
|
1/7/2010
|
|
CASE
NAME:
|
TXCO
Resources Inc.
|
|
CASE NUMBER:
|
09-51807-RBK
|
SCHEDULE
OF POST-PETITION LIABILITIES
|
TXCO Resources
Inc.
|
TXCO Energy
Corp.
|
PPL Operating
Inc.
|
Maverick Dimmitt
Pipeline
|
Maverick Gas
Marketing
|
Eagle Pass Well
Service Inc.
|
TXCO Drilling Inc.
|
Charro Energy
|
Texas Tar Sands
|
Output
Acquisition Corp.
|
OPEX Energy LLC
|
Eliminations &
Reclass
|
Per Financials
|
||||||||||||||||||||||||||||||||||||||||
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
11/30/09
|
||||||||||||||||||||||||||||||||||||||||
|
ACCT
PAYABLE - TRADE - POST PETITION
|
(255,975 | ) | - | - | - | - | - | 3,519 | 2,559 | - | 79,649 | (730,807 | ) | 6,343,640 | 5,442,584 | |||||||||||||||||||||||||||||||||||||
|
ACCR
COMMIT FEE PYBLE-DIP LOAN
|
640,000 | 640,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAYROLL
PAYABLE
|
82,106 | 2,657 | 8,193 | 92,956 | ||||||||||||||||||||||||||||||||||||||||||||||||
|
TRADE
ACCOUNTS PAYABLE
|
466,131 | - | - | - | - | - | 3,519 | 5,216 | - | 87,842 | (730,807 | ) | 6,343,640 | 6,175,541 | ||||||||||||||||||||||||||||||||||||||
|
TAX
PAYABLE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Payroll
taxes payable
|
3,527 | 19 | 641 | 4,187 | ||||||||||||||||||||||||||||||||||||||||||||||||
|
Accrued
income taxes payable
|
- | |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Ad
Valorem Taxes
|
- | |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
taxes payable
|
(1,186 | ) | 40,806 | 399 | 5,386 | 34,997 | 80,402 | |||||||||||||||||||||||||||||||||||||||||||||
|
TOTAL
TAXES PAYABLE
|
2,341 | 40,806 | - | - | - | 399 | - | 19 | - | 6,027 | 34,997 | - | 84,589 | |||||||||||||||||||||||||||||||||||||||
|
SECURED
DEBT POST-PETITION
|
24,400,000 | - | - | - | - | - | - | - | - | - | - | - | 24,400,000 | |||||||||||||||||||||||||||||||||||||||
|
ACCRUED
INTEREST PAYABLE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1.
DIP LOAN
|
- | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
|
2.
BMO
|
- | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
|
3.
WESTERN NATIONAL BANK
|
- | - | - | - | - | - | 1,703 | - | - | - | - | - | 1,703 | |||||||||||||||||||||||||||||||||||||||
|
ACCRUED
PROFESSIONAL FEES*
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1.
COURT APPROVED PROFESSIONALS
|
1,065,741 | - | - | - | - | - | - | - | - | - | - | - | 1,065,741 | |||||||||||||||||||||||||||||||||||||||
|
2.
DUE COURSE PROFESSIONALS
|
51,678 | - | - | - | - | - | - | - | - | - | - | - | 51,678 | |||||||||||||||||||||||||||||||||||||||
|
OTHER ACCRUED
LIABILITIES
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1.
UNDISTRIBUTED REVENUE
|
2,174,720 | - | - | - | - | - | - | - | - | - | - | - | 2,174,720 | |||||||||||||||||||||||||||||||||||||||
|
2.
ASSET RETIREMENT OBLIGATION
|
- | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
|
3.
INSTALLMENT OBLIGATIONS
|
- | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||
|
TOTAL
POST-PETITION LIABILITIES (MOR-3)
|
28,160,610 | 40,806 | - | - | - | 399 | 5,221 | 5,235 | - | 93,869 | (695,809 | ) | 6,343,640 | 33,953,971 | ||||||||||||||||||||||||||||||||||||||
*Payment
requires Court Approval
|
MOR-4H
|
Revised:
|
1/7/2010
|
|
CASE
NAME:
|
TXCO Resources Inc.
|
|
CASE
NUMBER:
|
09-51807-RBK
|
AGING
OF POST-PETITION LIABILITIES
MONTH 10/31/09
|
TRADE
|
TAXES
|
SECURED
|
ACCRUED
|
OTHER
|
||||||||||||||||||||
|
DAYS
|
TOTAL
|
ACCOUNTS
|
PAYABLE
|
DEBT
|
INTEREST
PAYABLE
|
LIABILITIES
|
||||||||||||||||||
|
Current
|
28,575,074 | 2,908,186 | 31,484 | 22,800,000 | 453,908 | 2,381,495 | ||||||||||||||||||
|
0-29
Days
|
861,748 | 690,373 | 2,686 | 168,689 | ||||||||||||||||||||
|
30-59
Days
|
1,075,269 | 1,075,269 | ||||||||||||||||||||||
|
60-89
Days
|
150,023 | 45,853 | 104,170 | |||||||||||||||||||||
|
90+
Days
|
52,275 | 52,275 | ||||||||||||||||||||||
|
TOTAL
|
30,714,389 | 4,719,681 | 34,170 | 22,800,000 | 453,908 | 2,706,629 | ||||||||||||||||||
AGING
OF POST-PETITION LIABILITIES
MONTH 11/30/09
|
TRADE
|
TAXES
|
SECURED
|
ACCRUED
|
OTHER
|
||||||||||||||||||||
|
DAYS
|
TOTAL
|
ACCOUNTS
|
PAYABLE
|
DEBT
|
INTEREST
PAYABLE
|
LIABILITIES
|
||||||||||||||||||
|
Current
|
31,713,049 | 4,492,116 | 47,066 | 24,400,000 | 1,703 | 2,772,163 | ||||||||||||||||||
|
0-29
Days
|
482,474 | 294,909 | 34,837 | 152,728 | ||||||||||||||||||||
|
30-59
Days
|
590,363 | 376,513 | 2,686 | 211,164 | ||||||||||||||||||||
|
60-89
Days
|
1,012,002 | 1,012,002 | - | |||||||||||||||||||||
|
90+
Days
|
156,084 | 156,084 | ||||||||||||||||||||||
|
TOTAL
|
33,953,971 | 6,175,541 | 84,589 | 24,400,000 | 1,703 | 3,292,139 | ||||||||||||||||||
| AGING OF ACCOUNTS RECEIVABLE | ||||||||||||||||||||||||
|
AGED
AS OF
|
AGED
AS OF
|
AGED
AS OF
|
AGED
AS OF
|
AGED
AS OF
|
AGED
AS OF
|
|||||||||||||||||||
|
DAYS
|
06/30/09
|
07/31/09
|
08/31/09
|
09/30/09
|
10/31/09
|
11/30/09
|
||||||||||||||||||
|
Current
|
5,434,640 | 4,596,248 | 5,248,645 | 5,188,428 | 5,312,175 | 5,626,115 | ||||||||||||||||||
|
0-29
Days
|
3,129,411 | (21,561 | ) | 244,164 | 448,020 | 87,157 | 329,192 | |||||||||||||||||
|
30-59
Days
|
1,981,704 | 3,119,268 | (1,885 | ) | 177,663 | 638,195 | 62,901 | |||||||||||||||||
|
60-89
Days
|
84,395 | 1,969,473 | 3,041,585 | 131,522 | 225,132 | 145,474 | ||||||||||||||||||
|
90+
Days
|
7,732,028 | 6,743,674 | 8,528,127 | 11,424,675 | 11,435,383 | 9,851,420 | ||||||||||||||||||
|
TOTAL
|
18,362,178 | 16,407,102 | 17,060,636 | 17,370,308 | 17,698,042 | 16,015,101 | ||||||||||||||||||
|
MOR-5
|
Revised:
|
1/7/2010
|
|
CASE
NAME:
|
TXCO Resources Inc.
|
|
CASE
NUMBER:
|
09-51807-RBK
|
STATEMENT
OF INCOME (LOSS)
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
FILING
TO
|
||||||||||||||||||||||||||||
|
5/18/09
- 5/31/09
|
Jun-09
|
Jul-09
|
Aug-09
|
Sep-09
|
Oct-09
|
Nov-09
|
Dec-09
|
DATE
|
||||||||||||||||||||||||||||
|
REVENUES
(MOR-1)
|
2,034,216 | 4,318,042 | 4,121,724 | 4,442,504 | 4,009,460 | 4,407,598 | 4,729,384 | 28,062,927 | ||||||||||||||||||||||||||||
|
TOTAL
COST OF REVENUES
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
GROSS
PROFIT
|
2,034,216 | 4,318,042 | 4,121,724 | 4,442,504 | 4,009,460 | 4,407,598 | 4,729,384 | 28,062,927 | ||||||||||||||||||||||||||||
|
OPERATING
EXPENSES:
|
||||||||||||||||||||||||||||||||||||
|
LEASE
OPERATIONS
|
561,460 | 1,235,682 | 1,563,682 | 1,256,610 | 1,294,267 | 1,287,337 | 1,226,658 | 8,425,695 | ||||||||||||||||||||||||||||
|
DRILLING
OPERATIONS
|
52,841 | 43,100 | 9,410 | 23,716 | 26,520 | 8,980 | 10,878 | 175,444 | ||||||||||||||||||||||||||||
|
PRODUCTION
TAXES
|
94,301 | 165,436 | 109,771 | 196,504 | 166,900 | 223,674 | 227,108 | 1,183,694 | ||||||||||||||||||||||||||||
|
EXPLORATION
EXPENSES
|
472,109 | 63,268 | 630,028 | 160,258 | 146,561 | 171,155 | 42,232 | 1,685,611 | ||||||||||||||||||||||||||||
|
DRY
HOLE COSTS
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
GAS
GATHERING OPERATIONS
|
1,279 | 2,294 | 10,774 | - | - | 2,656 | (81 | ) | 16,923 | |||||||||||||||||||||||||||
|
GENERAL
AND ADMINISTRATIVE
|
360,307 | 479,846 | 891,722 | 531,490 | 576,404 | 604,561 | 558,392 | 4,002,723 | ||||||||||||||||||||||||||||
|
TOTAL
OPERATING EXPENSES
|
1,542,297 | 1,989,627 | 3,215,386 | 2,168,578 | 2,210,652 | 2,298,363 | 2,065,188 | 15,490,089 | ||||||||||||||||||||||||||||
|
INCOME
BEFORE INT, DEPR/TAX (MOR-1)
|
491,919 | 2,328,415 | 906,338 | 2,273,926 | 1,798,807 | 2,109,235 | 2,664,196 | 12,572,838 | ||||||||||||||||||||||||||||
|
DEPRECIATION,
DEPLETION AND AMORTIZATION
|
(1,730,799 | ) | (6,859,405 | ) | (3,820,455 | ) | (3,950,928 | ) | (3,815,706 | ) | (3,809,798 | ) | (3,855,977 | ) | (27,843,068 | ) | ||||||||||||||||||||
|
IMPAIRMENT
EXPENSE
|
(152,299 | ) | (36,347,571 | ) | (234,680 | ) | (314,261 | ) | (31,764,574 | ) | (260,677 | ) | (247,368 | ) | (69,321,430 | ) | ||||||||||||||||||||
|
STOCK
COMPENSATION EXPENSE
|
138,497 | (147,829 | ) | (148,193 | ) | (148,391 | ) | (148,224 | ) | (148,677 | ) | (148,504 | ) | (751,321 | ) | |||||||||||||||||||||
|
INTEREST
INCOME
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
INTEREST
EXPENSE
|
(1,006,749 | ) | 628,136 | (1,013,062 | ) | (601,154 | ) | (716,640 | ) | (773,804 | ) | (791,924 | ) | (4,275,197 | ) | |||||||||||||||||||||
|
DERIVATIVE
SETTLEMENTS LOSS
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
DERIVATIVE
MARK TO MARKET GAIN/(LOSS)
|
- | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
|
GAIN/LOSS
ON SALE OF ASSETS
|
28,949 | - | (6,028 | ) | (81,278 | ) | - | - | - | (58,357 | ) | |||||||||||||||||||||||||
|
TOTAL
INT, DEPR & OTHER ITEMS
|
(2,722,402 | ) | (42,726,669 | ) | (5,222,419 | ) | (5,096,012 | ) | (36,445,145 | ) | (4,992,955 | ) | (5,043,773 | ) | (102,249,375 | ) | ||||||||||||||||||||
|
NET
INCOME BEFORE TAXES & REORGANIZATION ITEMS
|
(2,230,483 | ) | (40,398,254 | ) | (4,316,081 | ) | (2,822,086 | ) | (34,646,338 | ) | (2,883,720 | ) | (2,379,577 | ) | (89,676,537 | ) | ||||||||||||||||||||
|
INTEREST
EARNED ON CASH FROM CHAPTER 11
|
467 | 373 | 361 | 373 | 373 | 1,436 | 296 | 3,677 | ||||||||||||||||||||||||||||
|
PROFESSIONAL
FEES
|
(414,223 | ) | (1,077,226 | ) | (439,234 | ) | (911,406 | ) | (735,411 | ) | (971,035 | ) | (1,018,786 | ) | (5,567,321 | ) | ||||||||||||||||||||
|
LOAN
FEE AMORTIZATION
|
(28,903 | ) | (597,780 | ) | (520,479 | ) | (634,378 | ) | (1,030,883 | ) | (343,627 | ) | (815,461 | ) | (3,971,511 | ) | ||||||||||||||||||||
|
REORGANIZATION
ITEMS
|
(442,660 | ) | (1,674,633 | ) | (959,353 | ) | (1,545,411 | ) | (1,765,921 | ) | (1,313,227 | ) | (1,833,952 | ) | (9,535,156 | ) | ||||||||||||||||||||
|
NET
INCOME BEFORE TAXES
|
(2,673,142 | ) | (42,072,887 | ) | (5,275,433 | ) | (4,367,497 | ) | (36,412,259 | ) | (4,196,947 | ) | (4,213,529 | ) | (99,211,693 | ) | ||||||||||||||||||||
|
FEDERAL
INCOME TAXES
|
- | (322,087 | ) | - | (214,725 | ) | 16,756 | (107,364 | ) | (107,362 | ) | (734,781 | ) | |||||||||||||||||||||||
|
NET
INCOME (LOSS) (MOR-1)
|
(2,673,142 | ) | (42,394,974 | ) | (5,275,433 | ) | (4,582,222 | ) | (36,395,502 | ) | (4,304,310 | ) | (4,320,890 | ) | (99,946,474 | ) | ||||||||||||||||||||
|
*See
Exhibit 6G for additional information.
|
||||||||||||||||||||||||||||||||||||
|
MOR-6
|
Revised:
|
1/7/2010
|
|
CASE
NAME:
|
TXCO
Resources Inc.
|
|
CASE
NUMBER:
|
09-51807-RBK
|
|
STATEMENT OF INCOME (LOSS)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
TXCO Resources Inc.
|
TXCO Energy Corp.
|
PPL Operating Inc.
|
Maverick Dimmitt Pipeline
|
Maverick Gas Marketing
|
Eagle Pass Well
Service Inc.
|
TXCO Drilling Inc.
|
Charro Energy
|
Texas Tar Sands
|
Output Acquisition Corp.
|
OPEX Energy LLC
|
Total Before Elim
|
Eliminations & Reclass
|
Per Financials
|
||||||||||||||||||||||||||||||||||||||||||
|
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
November-09
|
||||||||||||||||||||||||||||||||||||||||||
|
REVENUES (MOR-1)
|
528,843 | 3,246,362 | - | - | - | 19,335 | 17,241 | - | - | 338,531 | 622,958 | 4,773,271 | (43,887 | ) | 4,729,384 | |||||||||||||||||||||||||||||||||||||||||
|
TOTAL
COST OF REVENUES
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||
|
GROSS
PROFIT
|
528,843 | 3,246,362 | - | - | - | 19,335 | 17,241 | - | - | 338,531 | 622,958 | 4,773,271 | (43,887 | ) | 4,729,384 | |||||||||||||||||||||||||||||||||||||||||
|
OPERATING
EXPENSES:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
LEASE
OPERATIONS
|
42,933 | 1,051,303 | - | - | - | - | - | 17,654 | - | 52,809 | 242,213 | 1,406,912 | (180,254 | ) | 1,226,658 | |||||||||||||||||||||||||||||||||||||||||
|
DRILLING
OPERATIONS
|
1,216 | (1,965 | ) | - | - | - | 20,507 | 16,187 | - | - | - | - | 35,945 | (25,067 | ) | 10,878 | ||||||||||||||||||||||||||||||||||||||||
|
PRODUCTION
TAXES
|
- | 160,756 | - | - | - | - | - | - | - | 29,884 | 36,468 | 227,108 | - | 227,108 | ||||||||||||||||||||||||||||||||||||||||||
|
EXPLORATION
EXPENSES
|
6,564 | 20,054 | - | - | - | - | - | - | - | 3,300 | 12,315 | 42,232 | - | 42,232 | ||||||||||||||||||||||||||||||||||||||||||
|
DRY
HOLE COSTS
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||
|
GAS
GATHERING OPERATIONS
|
(81 | ) | - | - | - | - | - | - | - | - | - | - | (81 | ) | - | (81 | ) | |||||||||||||||||||||||||||||||||||||||
|
GENERAL
AND ADMINISTRATIVE
|
522,450 | (13,331 | ) | - | - | - | 25 | 2,245 | 1,793 | - | 71,240 | (26,029 | ) | 558,392 | - | 558,392 | ||||||||||||||||||||||||||||||||||||||||
|
TOTAL
OPERATING EXPENSES
|
573,082 | 1,216,816 | - | - | - | 20,531 | 18,433 | 19,447 | - | 157,233 | 264,966 | 2,270,508 | (205,321 | ) | 2,065,188 | |||||||||||||||||||||||||||||||||||||||||
|
INCOME
BEFORE INT, DEPR/TAX (MOR-1)
|
(44,238 | ) | 2,029,546 | - | - | - | (1,196 | ) | (1,191 | ) | (19,447 | ) | - | 181,298 | 357,992 | 2,502,762 | 161,434 | 2,664,196 | ||||||||||||||||||||||||||||||||||||||
|
DEPRECIATION,
DEPLETION AND AMORTIZATION
|
(96,064 | ) | (3,226,834 | ) | - | - | - | (2,459 | ) | (77,892 | ) | (19 | ) | - | (182,662 | ) | (301,608 | ) | (3,887,537 | ) | 31,560 | (3,855,977 | ) | |||||||||||||||||||||||||||||||||
|
IMPAIRMENT
EXPENSE
|
(89,771 | ) | (157,841 | ) | - | - | - | - | - | 244 | - | - | - | (247,368 | ) | - | (247,368 | ) | ||||||||||||||||||||||||||||||||||||||
|
STOCK
COMPENSATION EXPENSE
|
(148,504 | ) | - | - | - | - | - | - | - | - | - | - | (148,504 | ) | - | (148,504 | ) | |||||||||||||||||||||||||||||||||||||||
|
INTEREST
INCOME
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||
|
INTEREST
EXPENSE
|
(2,311,150 | ) | - | - | - | - | - | (1,703 | ) | - | - | - | - | (2,312,853 | ) | 1,520,930 | (791,924 | ) | ||||||||||||||||||||||||||||||||||||||
|
DERIVATIVE
SETTLEMENTS LOSS
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||
|
DERIVATIVE
MARK TO MARKET GAIN/(LOSS)
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||
|
GAIN/LOSS
ON SALE OF ASSETS
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||
|
TOTAL
INT, DEPR & OTHER ITEMS
|
(2,645,489 | ) | (3,384,675 | ) | - | - | - | (2,459 | ) | (79,595 | ) | 225 | - | (182,662 | ) | (301,608 | ) | (6,596,263 | ) | 1,552,490 | (5,043,773 | ) | ||||||||||||||||||||||||||||||||||
|
NET
INCOME BEFORE TAXES & REORGANIZATION ITEMS
|
(2,689,728 | ) | (1,355,129 | ) | - | - | - | (3,655 | ) | (80,786 | ) | (19,222 | ) | - | (1,363 | ) | 56,384 | (4,093,500 | ) | 1,713,923 | (2,379,577 | ) | ||||||||||||||||||||||||||||||||||
|
INTEREST
EARNED ON CASH FROM CHAPTER 11
|
296 | - | - | - | - | - | - | - | - | - | - | 296 | - | 296 | ||||||||||||||||||||||||||||||||||||||||||
|
PROFESSIONAL
FEES
|
(810,788 | ) | (207,998 | ) | - | - | - | - | - | - | - | - | - | (1,018,786 | ) | - | (1,018,786 | ) | ||||||||||||||||||||||||||||||||||||||
|
LOAN
FEE AMORTIZATION
|
(815,461 | ) | - | - | - | - | - | - | - | - | - | - | (815,461 | ) | - | (815,461 | ) | |||||||||||||||||||||||||||||||||||||||
|
REORGANIZATION
ITEMS
|
(1,625,953 | ) | (207,998 | ) | - | - | - | - | - | - | - | - | - | (1,833,952 | ) | - | (1,833,952 | ) | ||||||||||||||||||||||||||||||||||||||
|
NET
INCOME BEFORE TAXES
|
(4,315,681 | ) | (1,563,127 | ) | - | - | - | (3,655 | ) | (80,786 | ) | (19,222 | ) | - | (1,363 | ) | 56,384 | (5,927,452 | ) | 1,713,923 | (4,213,529 | ) | ||||||||||||||||||||||||||||||||||
|
FEDERAL
INCOME TAXES
|
(107,362 | ) | - | - | - | - | - | - | - | - | - | - | (107,362 | ) | - | (107,362 | ) | |||||||||||||||||||||||||||||||||||||||
|
NET
INCOME (LOSS) (MOR-1)
|
(4,423,043 | ) | (1,563,127 | ) | - | - | - | (3,655 | ) | (80,786 | ) | (19,222 | ) | - | (1,363 | ) | 56,384 | (6,034,814 | ) | 1,713,923 | (4,320,890 | ) | ||||||||||||||||||||||||||||||||||
|
MOR-6G
|
Revised:
|
1/7/2010
|
|
CASE
NAME:
|
TXCO
Resources Inc.
|
|
CASE
NUMBER:
|
09-51807-RBK
|
|
CASH RECEIPTS
AND
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
FILING
TO
|
|
DISBURSEMENTS
|
DATE
|
||||||
|
1. CASH-BEGINNING OF
MONTH
|
SEE
ATTACHED EXHIBIT:
MOR
7G - November 2009
|
||||||
|
RECEIPTS:
|
|||||||
|
2. CASH
SALES
|
|||||||
|
3. COLLECTION
OF ACCOUNTS RECEIVABLE
|
|||||||
|
4. LOANS
& ADVANCES (attach list)
|
|||||||
|
5. SALE OF
ASSETS
|
|||||||
|
6. OTHER
(attach list)
|
|||||||
|
TOTAL
RECEIPTS**
|
|||||||
|
(Withdrawal)
Contribution by Individual Debtor MFR-2*
|
|||||||
|
DISBURSEMENTS:
|
|||||||
|
7. NET
PAYROLL
|
|||||||
|
8. PAYROLL
TAXES PAID
|
|||||||
|
9. SALES,
USE & OTHER TAXES PAID
|
|||||||
|
10. SECURED/RENTAL/LEASES
|
|||||||
|
11. UTILITIES &
TELEPHONE
|
|||||||
|
12. INSURANCE
|
|||||||
|
13. INVENTORY
PURCHASES
|
|||||||
|
14. VEHICLE
EXPENSES
|
|||||||
|
15. TRAVEL &
ENTERTAINMENT
|
|||||||
|
16. REPAIRS,
MAINTENANCE & SUPPLIES
|
|||||||
|
17. ADMINISTRATIVE
& SELLING
|
|||||||
|
18. ADEQUATE
PROTECTION PAYMENT(S)
|
|||||||
|
19. OTHER (attach
list)
|
|||||||
|
TOTAL
DISBURSEMENTS FROM OPERATIONS
|
|||||||
|
19. PROFESSIONAL
FEES
|
|||||||
|
20. U.S. TRUSTEE
FEES
|
|||||||
|
21. OTHER
REORGANIZATION EXPENSES (attach list)
|
|||||||
|
TOTAL
DISBURSEMENTS**
|
|||||||
|
22. NET CASH
FLOW
|
|||||||
|
23. CASH - END OF
MONTH (MOR-2)
|
|||||||
|
*
Applies to Individual debtors only
|
|||
|
MOR-7
|
**Numbers
for the current month should balance (match)
|
||
|
RECEIPTS
and CHECKS/OTHER DISBURSEMENTS lines on
MOR-8
|
|||
Case
Name: TXCO Resources Inc.
Case
Number: 09-51807-RBK
CASH
RECEIPTS AND DISBURSEMENTS
|
Month
of
|
TXCO
Resources Inc.
|
TXCO
Energy Corp.
|
PPL
Operating Inc.
|
Maverick
Dimmitt Pipeline
|
Maverick
Gas Marketing
|
Eagle
Pass Well Service Inc.
|
TXCO
Drilling Inc.
|
Charro
Energy
|
Texas
Tar Sands
|
Output
Acquisition Corp.
|
OPEX
Energy LLC
|
Consolidated
|
||||||||||||||||||||||||||||||||||||
|
November-09
|
TOTAL
|
TOTAL
|
TOTAL
|
Guaranty
Operating
|
Guaranty
Operating
|
TOTAL
|
TOTAL
|
TOTAL
|
TOTAL
|
TOTAL
|
TOTAL
|
TOTAL
|
||||||||||||||||||||||||||||||||||||
|
Beginning
Cash Balance Available for Disbursements
|
$ | 6,577,973.73 | $ | - | $ | 175.00 | $ | - | $ | - | $ | 3,771.29 | $ | 281.47 | $ | 140.05 | $ | - | $ | 985,862.84 | $ | 1,144,603.25 | $ | 8,712,807.63 | ||||||||||||||||||||||||
|
Receipts
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||||
|
Oil
and Gas Receipts
|
$ | 3,136,934.60 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 242,392.02 | $ | 397,638.61 | $ | 3,776,965.23 | ||||||||||||||||||||||||
|
Accts
Receivable - Joint Interest Billings
|
$ | 617,813.14 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 87,505.65 | $ | 8,053.12 | $ | 713,371.91 | ||||||||||||||||||||||||
|
Miscellaneous
Inflows
|
$ | 53.08 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 53.08 | ||||||||||||||||||||||||
|
Intercompany
Transfers - In
|
$ | 3,931,134.46 | $ | - | $ | - | $ | - | $ | - | $ | 54,000.00 | $ | 1,319,144.00 | $ | 11,515.00 | $ | - | $ | 88,017.77 | $ | 226,106.40 | $ | 5,629,917.63 | ||||||||||||||||||||||||
|
Loan
Advances
|
$ | 1,600,000.00 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 1,600,000.00 | ||||||||||||||||||||||||
|
Other
Cash Receipts
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Other
Cash Receipts
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Other
Cash Receipts
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Net
Receipts
|
$ | 9,285,935.28 | $ | - | $ | - | $ | - | $ | - | $ | 54,000.00 | $ | 1,319,144.00 | $ | 11,515.00 | $ | - | $ | 417,915.44 | $ | 631,798.13 | $ | 11,720,307.85 | ||||||||||||||||||||||||
|
Total
Cash Available for Disbursements
|
$ | 15,863,909.01 | $ | - | $ | 175.00 | $ | - | $ | - | $ | 57,771.29 | $ | 1,319,425.47 | $ | 11,655.05 | $ | - | $ | 1,403,778.28 | $ | 1,776,401.38 | $ | 20,433,115.48 | ||||||||||||||||||||||||
|
Intercompany
Transfers - Out
|
$ | 3,996,649.46 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 1,319,144.00 | $ | - | $ | - | $ | 88,017.77 | $ | 226,106.40 | $ | 5,629,917.63 | ||||||||||||||||||||||||
|
Disbursements
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||||
|
Operating
Expenses
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Payroll
and Benefits, Total Company
|
$ | 338,205.40 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 10,628.84 | $ | - | $ | 16,700.48 | $ | - | $ | 365,534.72 | ||||||||||||||||||||||||
|
Office
Rent - Houston and San Antonio
|
$ | 50,409.45 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 15,816.98 | $ | - | $ | 66,226.43 | ||||||||||||||||||||||||
|
Insurance
|
$ | 48,168.53 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 48,168.53 | ||||||||||||||||||||||||
|
Financial
and Legal Expenses - Recurring
|
$ | 7,950.00 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 1,892.00 | $ | - | $ | 9,842.00 | ||||||||||||||||||||||||
|
Cage
Ranch Attorney Fees
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Board
of Director Expenses
|
$ | 15,000.00 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 15,000.00 | ||||||||||||||||||||||||
|
Severance
Taxes
|
$ | 16,901.10 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 16,901.10 | ||||||||||||||||||||||||
|
Travel
and Other Misc. Operating Expenses
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Miscellaneous
Restructuring Expenses
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Unreserved
Revenue Disbursement
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Other
Operating Expenses
|
$ | 129,209.36 | $ | - | $ | - | $ | - | $ | - | $ | 710.63 | $ | - | $ | 102.38 | $ | - | $ | 42,243.95 | $ | 24,222.63 | $ | 196,488.95 | ||||||||||||||||||||||||
|
Total
Operating Expenses
|
$ | 605,844 | $ | - | $ | - | $ | - | $ | - | $ | 711 | $ | - | $ | 10,731 | $ | - | $ | 76,653 | $ | 24,223 | $ | 718,162 | ||||||||||||||||||||||||
|
Revenue
Distributions
|
$ | 605,559 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 9,935 | $ | 51,539 | $ | 667,033 | ||||||||||||||||||||||||
|
Restructuring
Expenses
|
$ | 603,568.19 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 603,568.19 | ||||||||||||||||||||||||
|
Committee
Professional Fees
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Lease
Operating Expenses
|
$ | 313,275.49 | $ | - | $ | - | $ | - | $ | - | $ | 54,937.73 | $ | - | $ | 700.00 | $ | - | $ | 40,327.12 | $ | 89,033.45 | $ | 498,273.79 | ||||||||||||||||||||||||
|
Capex
- Drilling
|
$ | 1,379,153.60 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 1,379,153.60 | ||||||||||||||||||||||||
|
Capex
- Lease Payments & Seismic
|
$ | 426,323.54 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 426,323.54 | ||||||||||||||||||||||||
|
Capex
- Existing Wells (Operated and Non Operated)
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||
|
Cash
Available For Debt Service
|
$ | 7,933,536.01 | $ | - | $ | 175.00 | $ | - | $ | - | $ | 2,122.93 | $ | 281.47 | $ | 223.83 | $ | - | $ | 1,188,844.92 | $ | 1,385,500.04 | $ | 10,510,684.20 | ||||||||||||||||||||||||
|
Total
Debt
|
$ | 834,348.14 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 834,348.14 | ||||||||||||||||||||||||
|
Cash
Available After Debt Service
|
$ | 7,099,187.87 | $ | - | $ | 175.00 | $ | - | $ | - | $ | 2,122.93 | $ | 281.47 | $ | 223.83 | $ | - | $ | 1,188,844.92 | $ | 1,385,500.04 | $ | 9,676,336.06 | ||||||||||||||||||||||||
|
Net
Misc. Cash Outflows
|
$ | 6,930.54 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 0.00 | $ | - | $ | (4,728.50 | ) | $ | 21.05 | $ | 2,223.09 | |||||||||||||||||||||||
|
Total
Disbursements
|
$ | 8,771,651.68 | $ | - | $ | - | $ | - | $ | - | $ | 55,648.36 | $ | 1,319,144.00 | $ | 11,431.22 | $ | - | $ | 210,204.86 | $ | 390,922.39 | $ | 10,759,002.51 | ||||||||||||||||||||||||
|
Change
in Cash
|
$ | 514,283.60 | $ | - | $ | - | $ | - | $ | - | $ | (1,648.36 | ) | $ | - | $ | 83.78 | $ | - | $ | 207,710.58 | $ | 240,875.74 | $ | 961,305.34 | |||||||||||||||||||||||
|
Ending
Cash Balance
|
$ | 7,092,257.33 | $ | - | $ | 175.00 | $ | - | $ | - | $ | 2,122.93 | $ | 281.47 | $ | 223.83 | $ | - | $ | 1,193,573.42 | $ | 1,385,478.99 | $ | 9,674,112.97 | ||||||||||||||||||||||||
|
Check
Figure
|
$ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 3,108,093.54 | ||||||||||||||||||||||||
|
Intercompany
Transfers - In
|
$ | 3,931,134.46 | $ | - | $ | - | $ | - | $ | - | $ | 54,000.00 | $ | 1,319,144.00 | $ | 11,515.00 | $ | - | $ | 88,017.77 | $ | 226,106.40 | $ | 5,629,917.63 | ||||||||||||||||||||||||
|
Intercompany
Transfers - Out
|
$ | (3,996,649.46 | ) | $ | - | $ | - | $ | - | $ | - | $ | - | $ | (1,319,144.00 | ) | $ | - | $ | - | $ | (88,017.77 | ) | $ | (226,106.40 | ) | $ | (5,629,917.63 | ) | |||||||||||||||||||
|
Net
Intercompany Transfers
|
$ | (65,515.00 | ) | $ | - | $ | - | $ | - | $ | - | $ | 54,000.00 | $ | - | $ | 11,515.00 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||
|
Total
Disbursements - net of Intercompany
|
$ | 4,775,002.22 | $ | - | $ | - | $ | - | $ | - | $ | 55,648.36 | $ | - | $ | 11,431.22 | $ | - | $ | 122,187.09 | $ | 164,815.99 | $ | 5,129,084.88 | ||||||||||||||||||||||||
MOR-7G
|
CASE
NAME:
|
TXCO Resources Inc.
|
|
|
CASE
NUMBER:
|
09-51807-RBK
|
CASH
ACCOUNT RECONCILIATION
MONTH
OF _____________________
|
BANK
NAME
|
SEE
ATTACHED EXHIBITS:
MOR
8G - November 2009
|
|
ACCOUNT
NUMBER
|
|
|
ACCOUNT
TYPE
|
|
|
BANK
BALANCE
|
|
|
DEPOSITS
IN TRANSIT
|
|
|
OUTSTANDING
CHECKS
|
|
|
ADJUSTED
BANK BALANCE
|
|
|
BEGINNING
CASH - PER BOOKS
|
|
|
RECEIPTS*
|
|
|
TRANSFERS
BETWEEN ACCOUNTS
|
|
|
(WITHDRAWAL)
OR CONTRIBUTION BY INDIVIDUAL DEBTOR MFR-2
|
|
|
CHECKS/OTHER
DISBURSEMENTS*
|
|
|
ENDING
CASH - PER
BOOKS
|
|
MOR-8
|
*Numbers
should balance (match) TOTAL RECEIPTS and
|
|
TOTAL
DISBURSEMENTS lines on
MOR-7
|
|
CASE
NAME:
|
TXCO Resources, Inc.
|
|
|
CASE
NUMBER:
|
09-51807-RBK
|
|
CASH
ACCOUNT RECONCILIATION
|
||
|
MONTH
OF
|
November-09
|
|
|
BANK NAME
|
Frost Bank
|
Frost Bank
|
Frost Bank
|
Frost Bank
|
Guaranty
|
Guaranty
|
Guaranty
|
Guaranty
|
TOTAL
|
|||||||||||||||||||||||||||
|
ACCOUNT TYPE
|
Operating Account
|
Revenue Account
|
Leasing Account
|
Drilling Account
|
Concentration
|
Controlled Disbursement
|
Revenue Clearing
|
Revenue Disbursement
|
November-09
|
|||||||||||||||||||||||||||
|
BANK
BALANCE
|
3,624,564 | 851,578 | 275,183 | 3,065,811 | - | - | 0 | - | 7,817,136 | |||||||||||||||||||||||||||
|
DEPOSITS
IN TRANSIT
|
- | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||
|
OUTSTANDING
CHECKS
|
723,792 | 53,583 | 78,703 | 383,083 | - | - | (0 | ) | - | 1,239,162 | ||||||||||||||||||||||||||
|
ADJUSTED
BANK BALANCE
|
2,900,772 | 797,994 | 196,479 | 2,682,728 | - | - | 0 | - | 6,577,974 | |||||||||||||||||||||||||||
|
BEGINNING
CASH - PER BOOKS
|
2,900,772 | 797,994 | 196,479 | 2,682,728 | - | - | 0 | - | 6,577,974 | |||||||||||||||||||||||||||
|
RECEIPTS*
|
2,217,866 | 3,136,935 | - | - | - | - | - | - | 5,354,801 | |||||||||||||||||||||||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
741,351 | (2,119,000 | ) | (8,430 | ) | 1,320,565 | - | - | - | - | (65,515 | ) | ||||||||||||||||||||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
2,613,966 | 605,559 | 176,324 | 1,379,154 | - | - | 0 | - | 4,775,002 | |||||||||||||||||||||||||||
|
ENDING
CASH - PER BOOKS
|
3,246,022 | 1,210,370 | 11,725 | 2,624,140 | - | - | 0 | - | 7,092,257 | |||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
MOR-8F
|
Revised:
|
1/7/2010
|
||||||||||||||||||||||||||||||||||
|
CASE
NAME:
|
PPL
OPERATING, INC.
|
|
|
CASE
NUMBER:
|
09-51817-RBK
|
|
|
CASH
ACCOUNT RECONCILIATION
|
||
|
MONTH
OF
|
November-09
|
|
|
BANK
NAME
|
Frost
Bank
|
Guaranty
|
TOTAL
|
|||||||||
|
ACCOUNT
TYPE
|
Operating
Acct
|
PPLOI
Operating
|
November-09
|
|||||||||
|
BANK
BALANCE
|
175 | - | 175 | |||||||||
|
DEPOSITS
IN TRANSIT
|
- | - | - | |||||||||
|
OUTSTANDING
CHECKS
|
- | - | - | |||||||||
|
ADJUSTED
BANK BALANCE
|
175 | - | 175 | |||||||||
|
BEGINNING
CASH - PER BOOKS
|
175 | - | 175 | |||||||||
|
RECEIPTS*
|
- | - | - | |||||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
- | - | - | |||||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
- | - | - | |||||||||
|
ENDING
CASH - PER BOOKS
|
175 | - | 175 | |||||||||
|
MOR-8F
|
Revised:
|
1/7/2010
|
||||||||||
|
CASE
NAME:
|
MAVERICK-DIMMIT
PIPELINE, LTD.
|
|
|
CASE
NUMBER:
|
09-51816-RBK
|
|
|
|
||
|
CASH
ACCOUNT RECONCILIATION
|
|
|
|
MONTH
OF
|
November-09
|
|
|
BANK
NAME
|
Guaranty
|
TOTAL
|
||||||
|
ACCOUNT
TYPE
|
MDPL
Operating
|
November-09
|
||||||
|
BANK
BALANCE
|
- | - | ||||||
|
DEPOSITS
IN TRANSIT
|
- | - | ||||||
|
OUTSTANDING
CHECKS
|
- | - | ||||||
|
ADJUSTED
BANK BALANCE
|
- | - | ||||||
|
BEGINNING
CASH - PER BOOKS
|
- | - | ||||||
|
RECEIPTS*
|
- | - | ||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
- | - | ||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
- | - | ||||||
|
ENDING
CASH - PER BOOKS
|
- | - | ||||||
|
Revised:
|
||||||||
|
MOR-8F
|
1/7/2010
|
|||||||
|
CASE
NAME:
|
MAVERICK
GAS MARKETING, LTD.
|
|
|
CASE
NUMBER:
|
09-51815-RBK
|
|
|
|
||
|
CASH
ACCOUNT RECONCILIATION
|
|
|
|
MONTH
OF
|
November-09
|
|
|
BANK
NAME
|
Guaranty
|
TOTAL
|
||||||
|
ACCOUNT
TYPE
|
MGM
Operating
|
November-09
|
||||||
|
BANK
BALANCE
|
- | - | ||||||
|
DEPOSITS
IN TRANSIT
|
- | - | ||||||
|
OUTSTANDING
CHECKS
|
- | - | ||||||
|
ADJUSTED
BANK BALANCE
|
- | - | ||||||
|
BEGINNING
CASH - PER BOOKS
|
- | - | ||||||
|
RECEIPTS*
|
- | - | ||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
- | - | ||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
- | - | ||||||
|
ENDING
CASH - PER BOOKS
|
- | - | ||||||
|
Revised:
|
||||||||
|
MOR-8F
|
1/7/2010
|
|||||||
|
CASE
NAME:
|
EAGLE
PASS WELL SERVICE, LLC
|
|
|
CASE
NUMBER:
|
09-51808-RBK
|
|
|
|
||
|
CASH
ACCOUNT RECONCILIATION
|
|
|
|
MONTH
OF
|
November-09
|
|
|
BANK
NAME
|
Frost
Bank
|
Guaranty
|
TOTAL
|
|||||||||
|
ACCOUNT
TYPE
|
Operating
Acct
|
EPWS
Operating
|
November-09
|
|||||||||
|
BANK
BALANCE
|
4,271 | - | 4,271 | |||||||||
|
DEPOSITS
IN TRANSIT
|
- | - | - | |||||||||
|
OUTSTANDING
CHECKS
|
500 | - | 500 | |||||||||
|
ADJUSTED
BANK BALANCE
|
3,771 | - | 3,771 | |||||||||
|
BEGINNING
CASH - PER BOOKS
|
3,771 | - | 3,771 | |||||||||
|
RECEIPTS*
|
- | - | - | |||||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
54,000 | - | 54,000 | |||||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
55,648 | - | 55,648 | |||||||||
|
ENDING
CASH - PER BOOKS
|
2,123 | - | 2,123 | |||||||||
|
MOR-8F
|
Revised:
|
1/7/2010
|
||||||||||
|
CASE
NAME:
|
TXCO
DRILLING CORP.
|
|
|
CASE
NUMBER:
|
09-51809-RBK
|
|
|
|
||
|
CASH
ACCOUNT RECONCILIATION
|
|
|
|
MONTH
OF
|
November-09
|
|
|
BANK
NAME
|
Frost
Bank
|
Western
National Bank
|
Guaranty
|
TOTAL
|
||||||||||||
|
ACCOUNT
TYPE
|
Operating
Acct
|
TXCO
Drilling
|
TXCO
Drilling Operating
|
November-09
|
||||||||||||
|
BANK
BALANCE
|
281 | 0 | - | 281 | ||||||||||||
|
DEPOSITS
IN TRANSIT
|
- | - | - | - | ||||||||||||
|
OUTSTANDING
CHECKS
|
- | (0 | ) | - | (0 | ) | ||||||||||
|
ADJUSTED
BANK BALANCE
|
281 | 0 | - | 281 | ||||||||||||
|
BEGINNING
CASH - PER BOOKS
|
281 | 0 | - | 281 | ||||||||||||
|
RECEIPTS*
|
- | - | - | - | ||||||||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
- | - | - | - | ||||||||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
- | - | - | - | ||||||||||||
|
ENDING
CASH - PER BOOKS
|
281 | 0 | - | 281 | ||||||||||||
|
MOR-8F
|
Revised:
|
1/7/2010
|
||||||||||||||
|
CASE
NAME:
|
CHARRO
ENERGY, INC.
|
|
|
CASE
NUMBER:
|
09-51810-RBK
|
|
|
|
||
|
CASH
ACCOUNT RECONCILIATION
|
|
|
|
MONTH
OF
|
November-09
|
|
|
BANK
NAME
|
Frost
Bank
|
Guaranty
|
TOTAL
|
|||||||||
|
ACCOUNT
TYPE
|
Operating
Acct
|
Charro
Energy
|
November-09
|
|||||||||
|
BANK
BALANCE
|
13,493 | - | 13,493 | |||||||||
|
DEPOSITS
IN TRANSIT
|
- | - | - | |||||||||
|
OUTSTANDING
CHECKS
|
13,353 | - | 13,353 | |||||||||
|
ADJUSTED
BANK BALANCE
|
140 | - | 140 | |||||||||
|
BEGINNING
CASH - PER BOOKS
|
140 | - | 140 | |||||||||
|
RECEIPTS*
|
- | - | - | |||||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
11,515 | - | 11,515 | |||||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
11,431 | - | 11,431 | |||||||||
|
ENDING
CASH - PER BOOKS
|
224 | - | 224 | |||||||||
|
MOR-8F
|
Revised:
|
1/7/2010
|
||||||||||
|
CASE
NAME:
|
TEXAS
TAR SANDS, INC.
|
|
|
CASE
NUMBER:
|
09-51814-RBK
|
|
|
|
||
|
CASH
ACCOUNT RECONCILIATION
|
|
|
|
MONTH
OF
|
November-09
|
|
|
BANK
NAME
|
Frost
Bank
|
Guaranty
|
TOTAL
|
|||||||||
|
ACCOUNT
TYPE
|
Operating
Acct
|
Tar
Sands Operating
|
November-09
|
|||||||||
|
BANK
BALANCE
|
- | - | - | |||||||||
|
DEPOSITS
IN TRANSIT
|
- | - | - | |||||||||
|
OUTSTANDING
CHECKS
|
- | - | - | |||||||||
|
ADJUSTED
BANK BALANCE
|
- | - | - | |||||||||
|
BEGINNING
CASH - PER BOOKS
|
- | - | - | |||||||||
|
RECEIPTS*
|
- | - | - | |||||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
- | - | - | |||||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
- | - | - | |||||||||
|
ENDING
CASH - PER BOOKS
|
- | - | - | |||||||||
|
MOR-8F
|
Revised:
|
1/7/2010
|
||||||||||
|
CASE
NAME:
|
OUTPUT
ACQUISITION CORP.
|
|
|
CASE
NUMBER:
|
09-51811-RBK
|
|
|
|
||
|
CASH
ACCOUNT RECONCILIATION
|
|
|
|
MONTH
OF
|
November-09
|
|
|
BANK
NAME
|
Frost
Bank
|
Frost
Bank
|
Amegy
|
Amegy
|
TOTAL
|
|||||||||||||||
|
ACCOUNT
TYPE
|
Operating
Account
|
Revenue
Account
|
Output
Operating
|
Output
Royalty
|
November-09
|
|||||||||||||||
|
BANK
BALANCE
|
1,006,068 | 13,084 | 4,447 | - | 1,023,600 | |||||||||||||||
|
DEPOSITS
IN TRANSIT
|
- | - | - | - | - | |||||||||||||||
|
OUTSTANDING
CHECKS
|
32,621 | 387 | 4,729 | - | 37,737 | |||||||||||||||
|
ADJUSTED
BANK BALANCE
|
973,447 | 12,697 | (281 | ) | - | 985,863 | ||||||||||||||
|
BEGINNING
CASH - PER BOOKS
|
973,447 | 12,697 | (281 | ) | - | 985,863 | ||||||||||||||
|
RECEIPTS*
|
87,506 | 242,392 | - | - | 329,898 | |||||||||||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
88,018 | (84,000 | ) | (4,018 | ) | - | 0 | |||||||||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
116,551 | 9,935 | (4,299 | ) | - | 122,187 | ||||||||||||||
|
ENDING
CASH - PER BOOKS
|
1,032,419 | 161,154 | (0 | ) | - | 1,193,573 | ||||||||||||||
|
MOR-8F
|
Revised:
|
1/7/2010
|
||||||||||||||||||
|
CASE
NAME:
|
OPEX
ENERGY, LLC
|
|
|
CASE
NUMBER:
|
09-51813-RBK
|
|
|
|
||
|
CASH
ACCOUNT RECONCILIATION
|
|
|
|
MONTH
OF
|
November-09
|
|
|
BANK
NAME
|
Frost
Bank
|
Frost
Bank
|
Amegy
|
Amegy
|
TOTAL
|
|||||||||||||||
|
ACCOUNT
TYPE
|
Operating
Account
|
Revenue
Account
|
OPEX
Operating
|
OPEX
Royalty
|
November-09
|
|||||||||||||||
|
BANK
BALANCE
|
931,795 | 275,725 | 5,106 | - | 1,212,627 | |||||||||||||||
|
DEPOSITS
IN TRANSIT
|
- | - | - | - | - | |||||||||||||||
|
OUTSTANDING
CHECKS
|
25,914 | 42,110 | (0 | ) | - | 68,024 | ||||||||||||||
|
ADJUSTED
BANK BALANCE
|
905,881 | 233,616 | 5,106 | - | 1,144,603 | |||||||||||||||
|
BEGINNING
CASH - PER BOOKS
|
905,881 | 233,616 | 5,106 | - | 1,144,603 | |||||||||||||||
|
RECEIPTS*
|
8,053 | 397,639 | - | - | 405,692 | |||||||||||||||
|
TRANSFERS
BETWEEN ACCOUNTS
|
226,106 | (221,000 | ) | (5,106 | ) | - | (0 | ) | ||||||||||||
|
CHECKS/OTHER
DISBURSEMENTS*
|
113,277 | 51,539 | - | - | 164,816 | |||||||||||||||
|
ENDING
CASH - PER BOOKS
|
1,026,763 | 358,716 | 0 | - | 1,385,479 | |||||||||||||||
|
MOR-8F
|
Revised:
|
1/7/2010
|
||||||||||||||||||
|
CASE
NAME:
|
TXCO Resources Inc.
|
||
|
CASE
NUMBER:
|
09-51807-RBK
|
||
PAYMENTS
TO INSIDERS AND PROFESSIONALS
Of the
total disbursements shown for the month, list the amount paid to insiders (as
defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the
professionals.
Also, for
insiders, identify the type of compensation paid (e.g., salary, commission,
bonus, etc.) (Attach additional pages as necessary).
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH**
|
MONTH
|
MONTH
|
||||||||||||||||||
|
INSIDERS: NAME / COMP TYPE
|
5/18/09 - 5/31/09
|
Jun-09
|
Jul-09
|
Aug-09
|
Sep-09
|
Oct-09
|
Nov-09
|
Dec-09
|
|||||||||||||||||
|
1.
|
Frank
Russell / 401k Match
|
135.00
|
-
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||
|
2.
|
Frank
Russell / Insurance
|
272.20
|
602.73
|
602.73
|
602.73
|
602.73
|
602.73
|
602.73
|
|||||||||||||||||
|
3.
|
Frank
Russell / Salary
|
4,500.00
|
15,000.00
|
15,000.00
|
15,000.00
|
15,000.00
|
22,500.00
|
15,000.00
|
|||||||||||||||||
|
4.
|
Frank
Russell / Expense Reimbursement
|
1,009.59
|
-
|
730.69
|
581.27
|
-
|
196.08
|
1,050.53
|
|||||||||||||||||
|
5.
|
Gary
Grinsfelder / 401k Match
|
218.07
|
-
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||
|
6.
|
Gary
Grinsfelder / Insurance
|
296.71
|
657.00
|
657.00
|
657.00
|
657.00
|
657.00
|
657.00
|
|||||||||||||||||
|
7.
|
Gary
Grinsfelder / Salary
|
7,269.23
|
24,230.78
|
24,230.78
|
24,230.78
|
24,230.78
|
36,346.17
|
24,230.78
|
|||||||||||||||||
|
8.
|
Gary
Grinsfelder / Expense Reimbursement
|
-
|
-
|
1,938.83
|
-
|
2,218.93
|
1,245.65
|
-
|
|||||||||||||||||
|
9.
|
Jim
Sigmon / 401k Match
|
242.31
|
-
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||
|
10.
|
Jim
Sigmon / Insurance
|
296.71
|
657.00
|
657.00
|
657.00
|
657.00
|
657.00
|
657.00
|
|||||||||||||||||
|
11.
|
Jim
Sigmon / Salary
|
8,076.92
|
26,923.08
|
26,923.08
|
26,923.08
|
26,923.08
|
40,384.62
|
26,923.08
|
|||||||||||||||||
|
12.
|
Jim
Sigmon / Expense Reimbursement
|
-
|
1,017.12
|
1,599.09
|
1,161.83
|
1,081.11
|
1,436.32
|
796.02
|
|||||||||||||||||
|
13.
|
Jim
Sigmon / Royalty Payments
|
-
|
72,305.54
|
27,397.37
|
28,640.48
|
23,861.45
|
26,355.94
|
22,068.58
|
|||||||||||||||||
|
14.
|
Richard
A. Sartor / 401k Match
|
105.92
|
-
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||
|
15.
|
Richard
A. Sartor / Insurance
|
290.48
|
657.00
|
657.00
|
657.00
|
657.00
|
657.00
|
657.00
|
|||||||||||||||||
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16.
|
Richard
A. Sartor / Salary
|
3,530.77
|
11,769.24
|
25,061.54
|
11,830.77
|
16,538.46
|
24,807.69
|
16,538.46
|
|||||||||||||||||
|
17.
|
Richard
A. Sartor / Expense Reimbursement
|
292.49
|
275.96
|
1,034.98
|
-
|
484.67
|
136.93
|
356.21
|
|||||||||||||||||
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18.
|
Ronald
Tabery / 401k Match
|
95.19
|
-
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||
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19.
|
Ronald
Tabery / Insurance
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263.51
|
583.48
|
583.48
|
583.48
|
583.48
|
583.48
|
583.48
|
|||||||||||||||||
|
20.
|
Ronald
Tabery / Salary
|
3,173.08
|
10,576.92
|
10,576.92
|
10,576.92
|
10,576.92
|
15,865.38
|
10,576.92
|
|||||||||||||||||
|
21.
|
Ronald
Tabery / Expense Reimbursement
|
-
|
30.26
|
1,458.74
|
825.39
|
1,174.43
|
1,043.41
|
-
|
|||||||||||||||||
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22.
|
Alan
L. Edgar / Director Compensation
|
-
|
1,000.00
|
10,500.00
|
1,000.00
|
9,500.00
|
2,000.00
|
3,000.00
|
|||||||||||||||||
|
23.
|
Dennis
B. Fitzpatrick / Director Compensation
|
-
|
1,000.00
|
13,000.00
|
1,000.00
|
12,000.00
|
2,000.00
|
2,000.00
|
|||||||||||||||||
|
24.
|
Michael
Pint / Director Compensation
|
-
|
1,000.00
|
10,500.00
|
1,000.00
|
9,500.00
|
1,000.00
|
3,000.00
|
|||||||||||||||||
|
25.
|
Jake
Roorda / Director Compensation
|
-
|
1,000.00
|
11,398.71
|
1,000.00
|
7,500.00
|
2,000.00
|
3,000.00
|
|||||||||||||||||
|
26.
|
Anthony
Tripodo / Director Compensation
|
-
|
-
|
10,532.34
|
1,000.00
|
8,500.00
|
2,000.00
|
3,000.00
|
|||||||||||||||||
|
27.
|
Jon
Michael Muckleroy / Director Compensation
|
-
|
1,000.00
|
13,000.00
|
1,000.00
|
10,000.00
|
2,000.00
|
1,000.00
|
|||||||||||||||||
|
TOTAL
INSIDERS (MOR-1)
|
30,068.18
|
170,286.11
|
208,040.28
|
128,927.73
|
182,247.04
|
184,475.40
|
135,697.79
|
-
|
|||||||||||||||||
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
MONTH
|
||||||||||||||||||
|
PROFESSIONALS
|
5/18/09 - 5/31/09
|
Jun-09
|
Jul-09
|
Aug-09
|
Sep-09
|
Oct-09
|
Nov-09
|
Dec-09
|
|||||||||||||||||
|
1.
|
Cox
& Smith
|
- | - | 395,333.65 | * | 166,692.77 | - | 230,864.40 | 292,970.35 | ||||||||||||||||
|
2.
|
Fulbright
& Jaworski
|
- | - | 157,289.15 | * | - | - | 11,817.09 | - | ||||||||||||||||
|
3.
|
FTI
Consulting Inc.
|
- | 200,000.00 | 208,734.47 | 225,562.88 | 200,000.00 | 226,798.82 | 200,000.00 | |||||||||||||||||
|
4.
|
KPMG
|
- | - | - | - | - | 54,999.44 | - | |||||||||||||||||
|
5.
|
Gardere
Wynne Sewell LLP
|
- | - | - | 269,168.61 | - | 184,786.70 | - | |||||||||||||||||
| TOTAL PROFESSIONALS (MOR-1) | - | 200,000.00 | 208,734.47 | 661,424.26 | 200,000.00 | 709,266.45 | 492,970.35 |
-
|
|||||||||||||||||
|
MOR-9
|
*These figures were transposed in the July and August MOR filings.
|
Revised:
|
1/7/2010
|
|
They have been corrected as of the September report.
|
|||
|
** October had three pay periods versus the two pay periods in prior months
|